Political Hotsheet
By

Brian Montopoli /

CBS News/ April 4, 2011, 3:13 PM

How good are Obama's re-election chances?

U.S. President Barack Obama makes a statement about limited military action against Libya AP
President Obama has officially kicked off his re-election campaign. So it's a good time to ask: how good are his chances - at the moment, at least - to win a second term?

The short answer is: Pretty decent. (The even shorter answer, according to the speculators over at Intrade, is: 59.4%.) For starters, Mr. Obama is polling well against two of his most likely opponents: A poll last month found Mr. Obama would beat Mitt Romney by nine points and Tim Pawlenty by 19 points in a hypothetical head-to-head matchup if the election were today.

The margin was narrower against a generic Republican candidate (something that, of course, doesn't exist) - but even there Mr. Obama held the edge, 45 percent to 40 percent. Mr. Obama's approval rating two years into his term (49 percent) was higher than two of the last two three presidents to win a second term - Presidents Reagan and Clinton. (President George W. Bush had a 59 percent approval rating at the midpoint in his first term.)

Barack Obama

Then-presidential candidate Barack Obama waves to the audience after a speech in Berlin in 2008.

/ AP
And as Time's Michael Scherer notes, even those who disagree with Mr. Obama tend to like him - a crucial factor in winning the independents who broke from the Democrats in the 2010 midterm elections. The fact that 84 percent of Americans (according to an Associated Press poll last month) call Mr. Obama a likeable person speaks to his advantage among the casual voters who may not go to the polls in a midterm year but will cast ballots in 2012.

Because he is extremely unlikely to face a serious primary challenger, Mr. Obama can appeal to these voters from the start - as he did in his campaign kickoff video, which showed a man stating that he doesn't "agree with Obama on everything, but I respect him and I trust him." The Republican contenders, meanwhile, will be busy in the coming months appealing to their base to try to survive the primary - something that means potentially alienating potential swing voters.

Obama seeks to bring in big bucks for 2012
Obama faces two opponents as he begins 2012 run
GOP attacks as Obama announces re-election bid

And that's just the start of the bad news for Republicans. The potential candidates who would seem to have the strongest appeal to swing voters - people like Indiana's Mitch Daniels and Utah's John Huntsman - will have a tough time getting through the primaries if they enter the race. Even if someone with relatively broad appeal wins the nomination, they will be linked at some level to the more polarizing figures in their party -- think Michele Bachmann -- who are sure to win more than their fair share of media coverage. 

(at left, CBS News' Chip Reid and Rob Hendin discuss how Obama will try to keep the campaign and White House separate.)

Then there's the prospect of a strong third-party candidate making waves in the general election. If the Tea Party backs a challenger to a Republican nominee it sees as too moderate, the conservative vote could be split, making Mr. Obama's path to victory that much easier. Without Ross Perot, it's worth remembering, Mr. Clinton might never have been president.

Also important is the power of incumbency. As Mark McKinnon and Myra Adams note, "In the last 56 U.S. presidential elections, 31 have involved incumbents; 21 of those candidates have won more than one term." Incumbents have the advantage of being a known quantity - and even voters not entirely sold on a president tend to favor the known over the unknown.

Then there's the money: Mr. Obama showed himself to be an astounding fundraiser in 2008, raising a staggering $750 million; he is expected to potentially hit the $1 billion mark this time around. Republicans will fight hard to match Mr. Obama on the money front, with the help of the GOP-leaning outside groups that the Supreme Court has freed up to spend massive amounts on behalf of candidates. But that's an uphill fight - as will be their attempt to match Mr. Obama's well-oiled campaign apparatus and voter turnout operation.

Poll after poll, meanwhile, shows that the most important issue for Americans is jobs and the economy. That's why you now see Republicans attacking on that front: In response to Mr. Obama's election announcement, for example, Romney Tweeted, "I look forward to hearing details on your jobs plan, as are 14m unemployed Americans."

But the potential problem with that strategy is that the economy seems to be improving - most notably, the unemployment rate fell to a two-year low in March. And while the trends could reverse before next year, it appears likely that the economic landscape will be improved from the depth of the recession by the time voters weigh in. That would take a lot of the sting out of Republican attacks over the stimulus package and, more broadly, Mr. Obama's stewardship of the economy.

Obama AP Photo

It takes electoral votes to win election, of course, not actual votes, as Al Gore knows all too well. And there are red flags for Mr. Obama on this front - he won states in 2008, like North Carolina, Indiana and Virginia, that have traditionally been red. And in the 2010 midterms, Republicans triumphed in key swing states like Wisconsin, Michigan and Florida.

Nine states that will be key in 2012

But midterm rebukes don't necessarily portend trouble for presidents in the following election - Presidents Clinton, Reagan and Eisenhower saw their parties face serious electoral defeats two years into their presidencies and went on to victories two years later. Indeed, those midterm elections may even be a boon for Mr. Obama - Americans tend to like divided government, and with the House firmly in GOP hands, they no longer have a unified Democratic Party to vote against.

Add to that the fact that the 2012 electorate will be very different than the electorate in 2010 - as former political operative Rep. Tom Cole (R-Okla.) bluntly told Politico, "It's going to be younger, browner, and more to the left."  The young and minority voters who came out for Mr. Obama in 2008 - and then, in many cases, sat out the midterms last year - will likely be back next year, which is good news for the president as well as other Democrats. (In the midterms, the wealthy and elderly were disproportionately represented.)

All this does not necessarily mean Mr. Obama will win - a lot can and will happen between now and November 2012. But the president's relative popularity, coupled with the seeming weakness of the GOP field and the improving economy, suggest that he is well positioned to secure a second term.

Still, as plenty of elections (not to mention sporting events) have proven over the years, just because you're the favorite doesn't mean you're ultimately going to come out on top.

© 2011 CBS Interactive Inc. All Rights Reserved.
345 Comments Add a Comment
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libertyfreedomall says:
One billion dollars for the Obama war chest???

Americans are sick of watching Washington gorge itself!
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animaltoo says:
Osama bin Laden was forthright in his hatred of this country and attempts to destroy it. Obama bin Lying is using an army of Hispanic welfare recipients to demoralize Americans and drag us to our economic knees. I would vote for bin Laden for President for being honest before I would vote for this arrogant traitor.
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mellolillie replies:
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It takes a racist and a bigot to write such a comment. People like you are the reason why this country is hated by others. Your words are idiotic. Only a terrorist would make such a statement. No American in their right mind who say that they would vote for Osama. Your hatred of people of color is sad and disgusting. Fools like, if allowed, will drag America to its knees. You are the perfect example of all that is wrong with America. I wonder why CB does not consider your statement a personal attack against our President. Your remarks border on treason.
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lucilioness says:
Obama will win in 2012. I'm going to love watching all the pathetic nitwits attempt to outwit our brilliant president. SNL and all of the nightime talk shows will have a wealth of material to entertain their audiences for the next four years. Especially if the idiot, Donald Trump and the dumb and dumber twins, Michelle Bachman and Sarah Palin throw their hats in the ring. We have a handsome, intelligent, and cool as a cucumber POTUS. Who could ask for anything more?






bap, the dumbly imake etimetath will have .
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Gendibar replies:
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The independent voters have seen how this looter works. He can no longer hide behind his silver tongue speeches. He now has a track record of failure that cannot be explained away. His attempts to enslave the successful people of this country will backfire on him.
I will not sacrifice for anyone nor do I expect anyone to sacrifice for me. It took a Republican president to break the Democrats from holding black people in slavery. It will take another Republican president to stop the Democrats from trying to enslave the successful people of this country. The Democrats (Big Brother) want to take our freedoms and control our minds (tell us what to drive, where to bank, what health insurance to have, what to eat,...).
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denir254 says:
I just don't get it. I'm a young parent of 2. All I keep hearing about is the government shutting down this and that. Woman's healthcare, children's medicaid, food stamps, the government itself. Are we going to be okay? What about my children and their health insurance? Is this really democracy? For the people, by the people my *ss!! And it seems like alot of people jump on the President as if he's not making a brave attempt to fix all the BS Bush had left. I'm really not one to get in on politics, but ZEESH!! I'm really scared. It's as if I'm watching America fall apart each day.
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Gendibar replies:
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What you fear is no longer being supported by the government. Become self reliant and independent. Take charge of your life and make your pursuit of happiness dependent on yourself without the aid of anyone.
animaltoo replies:
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Yes, our government has Mexico to suckle. Stop your gringo whining.
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element51 says:
Looking at the posts on here it is clear that the right has nothing to run on. As usual their comments are snotty, snide and completely devoid of intelligent content. I have found that if you present verifiable facts to a republican they will simply refuse to hear what you are saying. If you challenge them to even look at the facts they are completely unwilling to do so. All you can get from them is hatred and lies. Obama is not perfect but the country is heading in the right direction. It is very clear that he has ALL the people in mind, not just the 2 per cent. There is no doubt that we are facing some tough choices and things need to be done that will not be popular but we don't want to kill the patient to cure the disease. Give him four more years and hope that things will continue in the right direction. Obama 2012!!
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iamproteus replies:
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element51, I agree completely.
retiredgustav replies:
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If the republicans run a moderate, the teabaggers and the rest of the extremist will bolt the party and run a candidate of their own. On the other hand if they nominate a right wing ideologue they can not win.
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Bojax39 says:
Shucks, I think we ought to kick it up a notch and elect a woman president, (isn't it about time?). Or how about an independent or a libertarian? Or y'all could elect me. I'm at a loose end at the moment. No....wait.... I think I'd prefer to make an HONEST living! :-)
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cbstest says:
Well, if I have to choose between the two, I would have to go Obama. Ever since the repubs have been in the house, it has been nothing but blood, sweat and tears.
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animaltoo replies:
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Get an extra job if you can find it to pay for your new Hispanic brethern Obama wants to give you by the truck load.
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TheStolenGiraffe says:
When will people learn that it doesn't matter who wins...the same agenda will be carried out.
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RedWings_ninety_one replies:
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...but in a different way...
dudley58 replies:
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You are exactly right....
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RedWings_ninety_one says:
Zann-Zel,
Zu schlecht f?r Frauen....I ehrlich denkt, dass wir den richtigen Kandidaten brauchen...not Palin oder Clinton...
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Lindag10 replies:
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My French is better than your "German" or is it "Duestch". Give it up.
RedWings_ninety_one replies:
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*** are you talking about? I am having a "conversation" with Zann-Zel.
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ammo17 says:
preety damn scary if the republicans cannot come up with better candidates then the has- beens they have now.i will not vote democrat again but there is no one here i would vote for,it is all what is good for the democratic or republican party,not for the good of the people or the country.it is scary.
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